Clause 27

by inserting, immediately after paragraph (c), the following paragraphs:“(ca)affect any transfer of any estate or interest in any residential property to a foreign company (which is also a trust company licensed under the Trust Companies Act 2005 (Act 11 of 2005)) to hold on trust for a citizen or an approved purchaser;

by inserting, immediately after the words “Urban Redevelopment Authority Act” in paragraph (e), the words “or from any other person or body that is duly appointed as an agent of the Government in the sale of any estate or interest in any residential property”; and

by deleting paragraphs (f) to (i) and substituting the following paragraphs:“(f)prohibit the purchase or acquisition by any foreign person of an estate or interest in any residential property directly from —

the Housing and Development Board under Part IV of the Housing and Development Act (Cap. 129) before or after 1st October 1982; or

an approved developer under Part IVB of the Housing and Development Act;

prevent the transfer to any foreign person of an estate or interest in any residential property sold under Part IV or IVB of the Housing and Development Act or Part IV of the Jurong Town Corporation Act (Cap. 150) in any case where —

the prior written consent of the Housing and Development Board or the Jurong Town Corporation, as the case may be, has been obtained; and

no instrument has been registered in respect of that property under section 126 of the Land Titles (Strata) Act (Cap. 158) (whether alone or read with section 126A of that Act, as the case may be); or

apply to any direct purchase or acquisition on or after 11th September 1973 by any foreign person from the Government of any estate or interest in any residential property other than by a re-grant of State title on or after that date to a foreign company upon the surrender of any estate or interest in residential property existing before that date.”.